News: Brokerage

SL Green Realty Corp. signs three retail leases totaling 71,547 s/f

SL Green Realty Corp. signed leases totaling 71,547 s/f with three separate national retailers in three of the borough's most sought-after submarkets—Times Sq., The Plaza District and Chelsea. "We are pleased to attract such prestigious, well-known retail anchors in these three strategically-located properties," said Brett Herschenfeld, managing director of SL Green Retail. "Our retail portfolio continues to be a meaningful source of growth for the company." Equinox, one of the nation's global leaders in holistic fitness centers, has signed a 25-year, 32,000 s/f four-level lease for a portion of the retail component of 10 East 53rd St. Situated in the Plaza District, the Club is scheduled to open in 2016 and will provide a wonderful amenity to SL Green's newly redeveloped building. Lowe's Home Improvement, a Fortune 100 home improvement company with more than 1,835 locations nationwide, has signed a 15-year lease for a Chelsea flagship store comprised of 36,000 s/f on multi-levels at 635-641 Sixth Ave. in Chelsea. Joe Mastromonaco and David Smookler of the Dartmouth Co. represented Lowe's, while RKF's Ariel Schuster, Gary Alterman and Ross Berkowitz acted on behalf of SL Green. Skechers USA, a leader in high performance, lifestyle footwear, which designs develops and markets more than 3,000 styles, has committed to a 3,519 s/f 10-year lease at the iconic 1515 Broadway in Times Sq. Skechers was represented by Gene Spiegelman of Cushman & Wakefield, while Jeffrey Roseman of Newmark Grubb Knight Frank acted on behalf of SL Green.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.